5G Chipset Market Share, Size, Trends, Industry Analysis Report, By IC Type (ASIC, RFIC, mmWave IC, Cellular IC); By Vertical (Consumer Electronics, IT & Telecom); By Frequency Type; By Processing Node; By Deployment Type; By Region - Segment Forecast, 20

5G Chipset Market Share, Size, Trends, Industry Analysis Report, By IC Type (ASIC, RFIC, mmWave IC, Cellular IC); By Vertical (Consumer Electronics, IT & Telecom); By Frequency Type; By Processing Node; By Deployment Type; By Region - Segment Forecast, 2020 - 2027

The 5G chipset market size is expected to reach USD 93.83 billion by 2032, according to a new study by Polaris Market Research. The report “5G Chipset Market Share, Size, Trends, Industry Analysis Report, By Frequency type (Sub 6 GHz, 24-39 GHz, Above 39 GHz); By Processing Node type; By IC type; By Deployment type; By Vertical; By Region type; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The 5G chipset market is anticipated to expand in response to the growing need for high-speed internet and widespread networking penetration for a variety of uses, including virtual reality, live broadcasting, automated cars, multiuser entertainment, remote learning, videoconferencing, and telemedicine. 5G mobile innovation is being driven by an increasing demand for high-speed data transfer, portable bandwidth, and information and data analysis. It is expected to improve mobile networking performance and close the gap between the current networking versions' 3G and 4G's modest system penetration and information accessibility.

The COVID-19 pandemic has moderately impacted the worldwide supply chain, resulting in shortages of components and raw materials as well as logistics, giving rise to an impact on the manufacture and distribution of 5G chipsets. Product introductions have been delayed as a result, and supply chain problems have driven up prices. But later on, the need for digital services and technologies such as remote work, online learning, e-commerce, and telemedicine, among others, significantly grew.

While AI/ML applications are still in the early stages of development, their incorporation into 5G-Advanced networks represents a revolutionary change in the IT and telecom industry. This innovation opens the door to a plethora of creative use cases and promises enhanced network performance. Therefore, 5G should become more profitable for operators sooner rather than later, with the commercial launch of 5G-Advanced in 2025.

5G Chipset Market Report Highlights

The sub-6 GHz frequency segment accounts for the majority share of the market due to its advanced features, technologies, and easy user interface.

The 7 nm sector held a dominant position in the 5G chipset market due to its lower power consumption, better-switching performance, higher density, and outstanding performance.

Wireless Charging Integrated Circuits (ICs) are anticipated to reach the highest CAGR rate during the forecast period, owing to having a direct impact on connected devices.

The telecom segment is anticipated to grow significantly in the coming years due to the need for faster and more dependable networks for data-intensive applications.

Asia-Pacific is currently the largest market for 5G chipsets worldwide. It is anticipated to expand due to developing countries like China, Japan, and India, along with other expanding regions like North America, South America, and Europe.

Leading players in the 5G chipset market are Texas Instruments Inc, Marvell Technology, Anokiwave Inc, Samsung Electronics Co. Ltd, IBM Corporation, Nokia Corporation, Huawei Technologies Co. Ltd, MediaTek Inc, Qualcomm Incorporated and others.

Polaris Market Research has segmented the 5G chipset market report based on by frequency type, by processing node type, by IC type, by deployment type, by vertical, by region:

5G Chipset Market, Frequency Outlook (Revenue - USD Billion, 2019 - 2032)

Sub 6 GHz

24-39 GHz

Above 39 GHz

5G Chipset Market, Processing Node Type (Revenue - USD Billion, 2019 - 2032)

7 nm

10 nm

Others

5G Chipset Market, IC Type (Revenue - USD Billion, 2019 - 2032)

Application-Specific Integrated Circuits (ASIC)

Radio Frequency Integrated Circuit (RFIC)

Millimeter Wave Technology Chips (mmWave IC)

Cellular Integrated Circuit (Cellular IC)

Others

5G Chipset Market, Deployment Type (Revenue - USD Billion, 2019 - 2032)

Telecom Base Station Equipment

Smartphones/Tablets

Connected Vehicles

Connected Devices

Broadband Access Gateway Devices

Others

5G Chipset Market, Vertical Type

Healthcare

Manufacturing

IT and Telecom

Retail

Automotive and Transportation

Consumer Electronics

Energy and Utilities

Others

5G Chipset Market, Regional Type (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Australia

Malaysia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa